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Pesticides company Plant Health Care booked a first-half loss after rising sales were more than offset by rising expenses, including R&D and marketing costs.
Pre-tax losses for the six months through June amounted to $2.4 million, compared to year-on-year losses of $4.0 million.
Revenue rose 13% to $3.5 million and cash and cash equivalents including investments at 30 June was $11.1 million.
Plant Health Care forecast trading for the full year to be in line with management expectations.